Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity42022-04-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05207208 2022-04-01 2023-03-31 05207208 2021-04-01 2022-03-31 05207208 2023-03-31 05207208 2022-03-31 05207208 c:Director1 2022-04-01 2023-03-31 05207208 d:PlantMachinery 2022-04-01 2023-03-31 05207208 d:PlantMachinery 2023-03-31 05207208 d:PlantMachinery 2022-03-31 05207208 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05207208 d:MotorVehicles 2022-04-01 2023-03-31 05207208 d:MotorVehicles 2023-03-31 05207208 d:MotorVehicles 2022-03-31 05207208 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05207208 d:FurnitureFittings 2023-03-31 05207208 d:FurnitureFittings 2022-03-31 05207208 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05207208 d:OfficeEquipment 2022-04-01 2023-03-31 05207208 d:OfficeEquipment 2023-03-31 05207208 d:OfficeEquipment 2022-03-31 05207208 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05207208 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05207208 d:CurrentFinancialInstruments 2023-03-31 05207208 d:CurrentFinancialInstruments 2022-03-31 05207208 d:Non-currentFinancialInstruments 2023-03-31 05207208 d:Non-currentFinancialInstruments 2022-03-31 05207208 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05207208 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05207208 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05207208 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05207208 d:ShareCapital 2023-03-31 05207208 d:ShareCapital 2022-03-31 05207208 d:RetainedEarningsAccumulatedLosses 2023-03-31 05207208 d:RetainedEarningsAccumulatedLosses 2022-03-31 05207208 c:FRS102 2022-04-01 2023-03-31 05207208 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05207208 c:FullAccounts 2022-04-01 2023-03-31 05207208 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 05207208









JAYMIC SYSTEMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
JAYMIC SYSTEMS LIMITED
REGISTERED NUMBER: 05207208

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
75
856

  
75
856

Current assets
  

Stocks
  
36,356
30,161

Debtors: amounts falling due within one year
 5 
3,734
9,278

Cash at bank and in hand
  
20,950
22,832

  
61,040
62,271

Creditors: amounts falling due within one year
 6 
(22,950)
(19,006)

Net current assets
  
 
 
38,090
 
 
43,265

Total assets less current liabilities
  
38,165
44,121

Creditors: amounts falling due after more than one year
 7 
(53,748)
(58,268)

  

Net liabilities
  
(15,583)
(14,147)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(15,585)
(14,149)

  
(15,583)
(14,147)


Page 1

 
JAYMIC SYSTEMS LIMITED
REGISTERED NUMBER: 05207208

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2024.




M W Soer
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JAYMIC SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Jaymic Systems Limited is a private company, limited by shares, domiciled in England & Wales, registration number 05207208.  The registered office is Anglia House 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, NR7 0HR. The place of business is Norwich Road, Cromer, Norfolk, NR27 0HF. 
The financial statements are prepared in sterling which is the functional curency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through bank facilities and the support of the directors and other loan provider. In the opinion of the directors, these facilities will continue to be available and adequate for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facilities by the company's bankers and other loan provider. 

Page 3

 
JAYMIC SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
JAYMIC SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
per annum on the straight line basis
Motor vehicles
-
20%
per annum on the straight line basis
Office equipment
-
33%
per annum on the straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees



The average monthly number of employees, including directors, during the year was 4 (2022 - 3).

Page 5

 
JAYMIC SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
17,051
420
1,112
6,141
24,724



At 31 March 2023

17,051
420
1,112
6,141
24,724



Depreciation


At 1 April 2022
16,195
420
1,112
6,141
23,868


Charge for the year on owned assets
781
-
-
-
781



At 31 March 2023

16,976
420
1,112
6,141
24,649



Net book value



At 31 March 2023
75
-
-
-
75



At 31 March 2022
856
-
-
-
856

Page 6

 
JAYMIC SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,190
8,734

Other debtors
544
544

3,734
9,278



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,000
5,000

Trade creditors
11,759
8,437

Other taxation and social security
4,212
4,229

Other creditors
237
-

Accruals and deferred income
1,742
1,340

22,950
19,006



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,834
15,835

Other creditors
42,914
42,433

53,748
58,268





8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,342 (2022 - £1,095). Contributions totalling £237 (2022 - £nil) were payable to the fund at the balance sheet date.


Page 7